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Wednesday, May 03, 2023 12:29:13 PM
Correction, conservatorship, not a restructure. Restructure happens during bankruptcy, which we are not. Consevatorship requires a reorginization. See the definition below:
However, 'restructuring' indicates changing the structure of something completely. It is based on long-term goals. Basic and essential changes are made to the whole structure of something, whereas, 'reorganization' refers to small but important changes to something with the goal of improvement.
If this ever exits conservatorship in the coming years, it will require restructuring to do so.
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